** Italy's oil major ENI does not intend toexercise its right of first refusal on ConocoPhillips' stake in Kazakhstan's Kashagan oil field, Chief Executive PaoloScaroni said. ConocoPhillips intends to sell its Kashagan staketo Oil and Natural Gas Corp Videsh for about $5billion.

** Allianz is mulling a bid for Germany'ssecond-biggest public sector insurer but would need to win overthe company's wary shareholders before it can seal the deal.

** German retailer Metro AG is selling its Realhypermarkets in eastern Europe to French rival Auchan in a 1.1billion euro ($1.4 billion) deal to cut debt and focus onexpanding its cash and carry and consumer electronics stores.

** France's media and telecoms group Vivendi andPolish broadcaster TVN completed a long awaited deal tocombine their pay television platforms in Poland, TVN and itscontrolling owner said on Friday.

** Blackstone Group LP has emerged as the frontrunnerin the auction for Allscripts Healthcare Solutions Inc,but the two sides remain far apart on valuation and a deal ishighly uncertain, people familiar with the matter said.

** Hungary has signed a declaration of intent with E.ON to buy the German utility's local gas businesses,which would give the government control over vital gas importsand negotiations with key Russian supplier Gazprom.

Local media reports have said MVM was likely to pay closerto 800 million euros for the units.

** Ford Motor Co and Mazda Motor Corp andtheir local Chinese partner, Changan Automobile Co Ltd, said they had obtained final approval from theChinese government to split their three-way manufacturing andsales joint venture into two.

** Canada's government said that pending U.S. approvals forCNOOC Ltd's $15.1 billion bid for Nexen Inc will not affect its own review of the transaction.

** Spanish savings bank Ibercaja Banco will take over peerBanco Grupo Caja 3 to a form a new group with 65 billion euros($84.3 billion) in assets, they said.

** Royal Bank of Scotland's sale of its Indianretail and commercial banking operations to HSBC hasfallen through more than two years after it was struck, leavingRBS to wind it down.

** China's government has approved a plan by Wanxiang GroupCorp, a major Chinese auto parts maker, to acquire bankrupt U.S.battery maker A123 Systems Inc, although a deal stillhinges on the outcome of an auction next month and U.S.government approval. The maker of lithium ion batteries forelectric cars planned to sell its battery business toMilwaukee-based Johnson Controls for $125 million.

** Supervalu said it remains in talks with severalparties, after a report that Cerberus Capital Management washaving difficulty obtaining financing to buy out the troubledgrocery chain.

** United Parcel Service Inc (UPS) and its Dutchtakeover target TNT Express NV have submitted plans tomeet European anti-trust concerns as they battle to keep theacquisition on track. The two companies said they planned tosell assets and open up their air flight operations, but gave nodetails.

** Italy's Gruppo Campari said it had extended toDec. 10 its bid to take over the whole of Jamaican rum makerLascelles de Mercado & Co, a $414.8 million deal, whichwill boost its presence in the growing American market.

** French car parts equipment maker Valeo said ithad agreed to sell its unit which makes locks, handles andsimilar products to Japan's U-Shin for an enterprisevalue of 223 million euros ($289.4 million).

** SAP's co-founder Hasso Plattner sold shares inthe German business software maker worth 120 million euros($155.74 million), divesting a portion of his overall stake, thecompany said on Friday.

** Italy's Luxottica, the world's biggest premiumeyewear maker, said on Friday it had signed a deal to buy Frenchluxury eyewear maker Alain Mikli for around 90 million euros($117 million).

** Exane BNP Paribas has sold 1.5 percent of French propertygroup Gecina at 84.29 euros per share for a total ofabout 72 million euros ($93.44 million) on behalf of Spain'sGrupo Prasa, market sources said on Friday.